|  |  |  |
| --- | --- | --- |
|   | (3) | Upon completion of final acceptance of the Aircraft by Lessee, Lessee’s Representative shall sign and provide Seller with a Certificate of Final Acceptance similar in form to
that set forth in Exhibit “B” attached hereto (“Certificate of Final Acceptance”).  |

  




|  |  |  |
| --- | --- | --- |
|   | (4) | Risk of loss shall pass to the Lessee upon completion of final acceptance, as evidenced by the signed Certificate of Final Acceptance.  |

 ARTICLE 5: WARRANTIES AND LESSOR’S DISCLAIMER 

  




|  |  |
| --- | --- |
| 5.1 | Lessor warrants that Lessee shall have the right to possession and quiet enjoyment of the Aircraft during the Lease Term so long as Lessee is not in default.
 |

  




|  |  |
| --- | --- |
| 5.2 | LESSEE ACKNOWLEDGES AND UNDERSTANDS LESSOR IS NOT THE MANUFACTURER OF THE AIRCRAFT TO BE LEASED HEREUNDER. THEREFORE, LESSOR LEASES THE AIRCRAFT TO LESSEE IN AN “AS IS”
AND “WITH ALL FAULTS” CONDITION. LESSOR MAKES NO WARRANTIES OR REPRESENTATIONS TO LESSEE, EITHER EXPRESS OR IMPLIED, AS TO:  |

  




|  |  |  |
| --- | --- | --- |
|   | (A) | THE CONDITION, DESIGN, OPERATION, FITNESS FOR USE OR MERCHANTABILITY OF THE AIRCRAFT;  |

  




|  |  |  |
| --- | --- | --- |
|   | (B) | THE FITNESS OF THE AIRCRAFT FOR ANY PARTICULAR PURPOSE OF LESSEE;  |